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Showing 181 - 190 of 522 results for "Powers"

Chi-X forced to be client of competition

ELIZABETH MCARTHUR  |  MONDAY, 4 NOV 2019
... was published in February this year, in which the IMF stated: "It is recommended that authorities are granted additional powers to support fair and effective competition between/among infrastructures." "Competition between trading platforms, e.g., between ...

Super investment menus not what they seem: Rice Warner

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
... appropriately designed for members. Since the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2018 passed in April 2019 new requirements for product design and disclosure have come into effect. These ...

ASIC using intimidation tactics on grandfathering: AIOFP

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
... to Financial Standard, AIOFP executive director Peter Johnston claimed the corporate regulator is using its intervention powers to convince product providers to turn off commissions before the January 2021 deadline. "One of the things the government ...

No pain, no gain: APRA

HARRISON WORLEY  |  TUESDAY, 15 OCT 2019
... challenge will find APRA intensifying the pressure to improve the member outcomes they deliver - and we have new tools and powers that we can exercise to make clear that change is not optional." Rowell also took the chance to call out the sector for ...

Super trustees must do better: Byres

HARRISON WORLEY  |  FRIDAY, 20 SEP 2019
... account for not delivering for super fund members had been strengthened by stronger prudential standards and enforcement powers. Byres specifically noted the impact of the Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation ...

Government moves to expand design, distribution laws

HARRISON WORLEY  |  FRIDAY, 13 SEP 2019
... commence in April 2021 as part of the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2019, subject to the result of the consultation period, which closes on October 11.

ASIC prepares to be primary super conduct regulator

ELIZABETH MCARTHUR  |  THURSDAY, 12 SEP 2019
... and case studies are before the courts, and we have more under investigation. As we have also seen, the new regulatory powers provided to ASIC are enabling early intervention on what we believe are matters of potential significant harm to consumers." ...

Consultation opens on new ASIC powers

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 SEP 2019
Treasury has released draft legislation on enhancing ASIC's powers, including allowing the regulator to tap the phones of those under investigation. The new legislation follows on from the ASIC Enforcement Review Taskforce which made a number of recommendations ...

AFCA ombudsman addresses adviser concerns

KRISTI CHENG  |  TUESDAY, 10 SEP 2019
... have changed, but AFCA rules as of 30 June 2019 will be applied. AFCA furthered clarified to Financial Standard: "AFCA powers and procedures will be in accordance with the Rules in force at the time a complaint is received, which include our obligation ...

APRA updates enforcement approach

KRISTI CHENG  |  WEDNESDAY, 4 SEP 2019
... response to the Enforcement Review, which made seven recommendations designed to help APRA better leverage its enforcement powers to achieve sound prudential outcomes. The "constructively tough" enforcement appetite it set out in that document can be ...